place before two litigants face each other in court. Litigation is a legal contest with players who are privately informed … the outcome of the continuation game: within litigation, choice variables are strategic complements and the evidence … litigation should ADR fail to resolve the conflict. We show that optimal ADR has to break down on-path in some cases to screen …

I revisit the question of which motive underlies insurance demand. I draw on the literature of state-dependent utility … and on the literature of imperfectly divisible consumption to argue that the general purpose of insurance is not a risk … transfer, but meeting a conditional need. In this way, insurance aligns the risk in one's ftnancial endowment with the risk in …

We develop an insurance market model where consumers (i) exhibit present-biased preferences, and (ii) suffer from … consumers correctly anticipate their effort and purchase full insurance. Naive consumers overestimate their future effort …, purchase no insurance and end up with less effort than sophisticated ones. We allow consumers to differ in their wealth and …

Funeral Aid Associations (FAAs) in Northeast Thailand offer micro funeral insurance at affordable premium levels while … the insurance. Compared to many other micro insurance schemes, however, FAAs do not seem to face adverse effects of this … of a sufficient number of low-risk individuals, who deliberately buy insurance despite what their risk types would advice …

investigated the wealth effect of patent and corporate litigation, few studies have examined the current patent litigation in the … results support that a vantage position in patent litigation is the one of the key factors to explain the wealth effect of … patent litigation. This paper suggests that action to increase patent competency to reach a vantage position in a patent war …

path in the financial security service industry, consisting of trading, clearing and settlement. Using a stylized model of …

settlement rates. In this paper, we use a unique dataset of 860 case records from a German trial court to explore which factors … have a significant impact on the decision to settle in civil law litigation. We find that case-specific factors, procedural … aspects and individual characteristics of the involved judge have a significant impact on settlement probability …